Viva achieves new high of $2,650 psf
/ EdgeProp Singapore |
Viva, a freehold condo located on Suffolk Walk in District 11, topped the list of condos that hit a new psf-price high during the period of July 2 to 14. On July 10, a three-bedroom-plus-study unit measuring 1,528 sq ft at the development changed hands for $4.05 million, which works out to $2,650 psf.
This represents a new psf-price peak for the condo, beating its previous record of $2,555 psf that was set in May 2022 upon the resale of a 1,346 sq ft, three-bedroom unit for $3.44 million. The seller of the unit transacted on July 10 had purchased it from the developer in September 2009 for $2.36 million ($1,544 psf). As a result, they netted a gain of $1.69 million on the deal.
The new high at Viva comes with the resale of a 1,528 sq ft unit for $4.05 million on July 10 (Picture: Samuel Isaac Chua/The Edge Singapore)
Viva is a 235-unit development that was completed in 2012. Situated off Thomson Road, it is a five-minute walk from United Square Shopping Mall and a 12-minute walk from Novena MRT Station on the North-South Line. The condo comprises three blocks of 30 storeys each, with two-bedders of 957 sq ft; two-bedroom-plus-study units of 1,044 sq ft; three-bedders of 1,323 to 1,345 sq ft; three-bedroom-plus-study units of 1,517 to 1,528 sq ft; and four-bedders of 1,840 to 1,991 sq ft. There are also five-bedroom “Sky Suites” of 2,486 to 3,810 sq ft, as well as five-bedroom, duplex penthouses of 4,909 to 6,339 sq ft.
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The Myst also achieved a new psf-price high during the period in review. This comes with the sale on July 14 of a 517 sq ft, one-bedroom-plus-study unit by the developer for $1.234 million, which translates to $2,388 psf. This inches past The Myst’s previous high of $2,377 psf logged over four months ago when another 517 sq ft fetched $1.228 million on Feb 29.
The Myst hit a new high of $2,388 psf when a 517 sq ft unit fetched $1.234 million on July 14 (Picture: Samuel Isaac Chua/The Edge Singapore)
The Myst is a 408-unit condo on Upper Bukit Timah Road in District 23. The 99-year leasehold development comprises two 24-storey towers. Units include one-bedroom-plus study apartments of 517 sq ft; two-bedroom units of 678 sq ft to 732 sq ft; three-bedders of 850 sq ft to 1,163 sq ft; four-bedders of 1,453 to 1,518 sq ft; and five-bedders of 1,690 sq ft.
The project was launched for sale in July 2023, and it saw 110 (27%) units sold during the first weekend of launch at an average price of $2,057 psf. Based on caveats lodged as of July 22, the project has moved 251 (61.5%) units at an average price of $2,073 psf.
Park Colonial is another condo that charted a new psf-price high during the period in review, upon the resale of a four-bedroom apartment spanning 1,249 sq ft for $2.95 million, or $2,363 psf, on July 8. The new peak comes a month after the previous record of $2,330 psf was established with the sale of a 678 sq ft unit for $1.58 million on June 7.
The unit that changed hands on July 8 was purchased by the seller in December 2018 for $2.21 million ($1,771 psf), which means they made a gain of about $739,000 on the sale.
A 1,249 sq ft unit at Park Colonial was sold for $2.95 million on July 8, setting a new high of $2,363 psf for the condo (Picture: Google Maps)
Park Colonial is a 99-year leasehold condo on Woodleigh Lane, off Upper Serangoon Road in District 13. The 805-unit condo is a five-minute walk to Woodleigh MRT Station on the North East Line. Completed in 2021, the development consists of six residential blocks, each spanning 14 to 15 storeys. Units include one-bedders from 463 sq ft; two-bedders from 570 sq ft; three-bedders from 915 sq ft; four-bedders from 1,184 sq ft; and five-bedders from 1,712 sq ft.
Apart from the unit sold on July 8, Park Colonial has seen 15 other units change hands to date this year. The units, measuring between 463 and 980 sq ft, fetched prices between $968,888 and $2.28 million, or between $2,047 psf and $2,330 psf.
No new psf-price lows were recorded during the period in review.
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